Invesco Pennsylvania Value Municipal Income Trust (VPV)
Invesco Pennsylvania Value Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade Pennsylvania municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Pennsylvania Value Municipal Income Trust. Invesco Pennsylvania Value Municipal Income Trust was formed on April 30, 1993 and is domiciled in the United States.
Industry: Asset Management
Invesco Pennsylvania Value Municipal Income Trust
NYSE:VPVFinancial Services · Asset Management
-1.82%$10.24
AH Close$10.24+0.00%vs close
AH Close$10.24+0.00%vs close
Mkt Cap$183.09M
Float3.83M
O/S17.88M
Inst Own6.6%
Div Yield7.82%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$13.3M
Net Income$5.25M
Total Assets$311.7M
Free Cash Flow$8.54M
Debt & Equity
Debt 36%
Equity 64%
Total Debt$109.38M
Total Equity$197.67M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VPV's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$311.7M
Liabilities$114.03M
Accounts Receivable$4.91M
Accounts Payable$4.45M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 | 2013-02-28 |
| Revenue | $13.3M | $19.44M | $22.1M | -$38.43M | $2.95M | $3.9M | $41.34M | $11.59M | $11.21M | $22.82M | $24.37M | $24.09M | $24.65M | $25.37M |
| YoY Growth | -31.6% | -12.0% | -157.5% | -1401.1% | -24.2% | -90.6% | 256.8% | 3.3% | -50.9% | -6.4% | 1.2% | -2.3% | -2.9% | - |
| Cost of Revenue | $1.78M | $6.12M | $7.32M | -$56.52M | -$15.79M | $3.08M | $18.37M | $0 | $3.27M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $11.52M | $13.32M | $14.79M | $18.09M | $18.74M | $822K | $22.97M | $11.59M | $7.94M | $22.82M | $24.37M | $24.09M | $24.65M | $25.37M |
| Gross Margin | 86.6% | 68.5% | 66.9% | -47.1% | 634.5% | 21.1% | 55.6% | 100.0% | 70.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $216K | $436K | $246K | $216K | $252K | $237K | $283K | $267K | $334K | $3.23M | $3.32M | $3.43M | $3.27M | $3.71M |
| Other | $1.93M | $39K | $0 | -$42.6M | -$10.01M | $36K | $70K | $79K | $58K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $2.15M | $476K | $280K | $259K | $298K | $273K | $353K | $347K | $392K | $19.36M | $6.13M | $17.46M | $41.26M | $10.74M |
| Operating Income (EBIT) | $9.37M | $12.84M | $14.51M | $15.26M | $15.52M | $17.2M | $19.55M | $19.93M | $15.23M | $19.54M | $21.06M | $20.66M | $21.38M | $21.66M |
| Operating Margin | 70.4% | 66.1% | 65.6% | -39.7% | 525.4% | 441.1% | 47.3% | 172.0% | 135.8% | 85.6% | 86.4% | 85.8% | 86.7% | 85.4% |
| Interest Expense | $4.12M | $6.12M | $7.32M | $4.61M | $1.97M | $2.45M | $5.66M | $5.36M | $4.41M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $14.54M | $17.26M | $18.34M | $18.09M | $18.74M | $20.41M | $22.97M | $23.34M | $25.78M | $2.95M | $1.82M | $2.1M | $2.1M | $2.08M |
| Other Income (Expense) | -$4.12M | -$6.12M | -$1.13M | -$53.94M | -$12.86M | -$13.57M | $21.44M | -$8.73M | -$11.52M | -$19.03M | -$4.63M | $18.79M | -$40.08M | $12.37M |
| Income Before Tax (EBT) | $5.25M | $12.84M | $14.51M | -$38.69M | $2.65M | $3.63M | $40.99M | $11.24M | $10.82M | $516K | $16.42M | $39.45M | -$18.7M | $34.03M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22.34M | $0 | $0 | $0 | $0 | $12.37M |
| Net Income | $5.25M | $12.84M | $14.51M | -$38.69M | $2.65M | $3.63M | $40.99M | $11.24M | $10.82M | $516K | $16.42M | $39.45M | -$18.7M | $33.94M |
| Net Income Margin | 39.5% | 66.1% | 65.6% | 100.7% | 89.9% | 93.0% | 99.1% | 97.0% | 96.5% | 2.3% | 67.4% | 163.8% | -75.9% | 133.8% |
| Supplementary Data | ||||||||||||||
| EPS | 0.29 | 0.57 | 0.61 | -1.62 | 0.11 | 0.15 | 1.72 | 0.47 | 0.46 | 0.02 | 0.69 | 1.66 | -0.78 | 1.42 |
| Diluted EPS | 0.29 | 0.57 | 0.61 | -1.62 | 0.11 | 0.15 | 1.72 | 0.47 | 0.46 | 0.02 | 0.69 | 1.66 | -0.78 | 1.42 |
| Weighted Average OS | 17.87M | 22.53M | 23.83M | 23.83M | 23.83M | 23.83M | 23.83M | 23.83M | 23.52M | 23.83M | 23.83M | 23.83M | 23.83M | 23.83M |
| EBITDA | $9.37M | $12.84M | $15.64M | $7.19M | $4.62M | $6.08M | $40.99M | $16.6M | $22.34M | $19.54M | $21.06M | $20.66M | $21.38M | $0 |
| EBITDA Margin | 70.4% | 66.1% | 70.7% | -18.7% | 156.5% | 155.9% | 99.1% | 143.3% | 199.3% | 85.6% | 86.4% | 85.8% | 86.7% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 | 2013-02-28 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $1.96M | $0 | $0 | $1.08M | $2.94M | $2.95M | $0 | $14K | $0 | $0 | $0 | $1.47M | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$111.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.96M | $0 | $0 | $1.08M | $2.94M | $2.95M | -$111.84M | $14K | $0 | $0 | $0 | $1.47M | $0 | $0 |
| Accounts Receivable | $4.91M | $6.07M | $4.71M | $4.86M | $5.52M | $5.59M | $5.68M | $6.08M | $6.2M | $9.21M | $7.78M | $9.37M | $6.28M | $6.42M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $117.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $6.87M | $6.07M | $4.71M | $5.94M | $8.47M | $8.54M | $5.68M | $6.09M | $6.2M | $9.21M | $7.78M | $10.84M | $6.28M | $6.42M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $304.79M | $314.67M | $432.96M | $444.2M | $502.3M | $521.29M | $546.14M | $550.23M | $560.1M | $404.59M | $535.13M | $542.33M | $523.37M | $569.84M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $37K | $314.7M | $51.66M | -$59.94M | -$81.59M | -$96.24M | -$111.84M | -$151.13M | -$560.1M | $126.52M | $16K | $38K | $175K | $317K |
| Total Long-Term Assets | $304.83M | $314.7M | $484.62M | $384.26M | $420.71M | $425.05M | $434.31M | $399.1M | $560.1M | $531.12M | $535.15M | $542.36M | $523.54M | $570.16M |
| Other Assets | $0 | $0 | -$51.66M | $59.94M | $81.59M | $96.24M | $111.85M | $151.15M | $27K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $311.7M | $320.77M | $437.67M | $450.14M | $510.77M | $529.83M | $551.84M | $556.34M | $566.33M | $540.32M | $542.93M | $553.21M | $529.83M | $576.58M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $4.45M | $3.9M | $488K | $477K | $168K | $157K | $441K | $337K | $1.81M | $0 | $0 | $6.43M | $0 | $1.59M |
| Short-Term Debt | $0 | $0 | $1.03M | $0 | $0 | $0 | $732K | $0 | $260K | $3.64M | $4.29M | $0 | $704K | $975K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$732K | $0 | $1.82M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $4.08M | $40K | -$1.14M | -$424K | -$451K | -$2.27M | -$720K | -$2.07M | $53K | $68K | $65K | $73K | $427K |
| Total Current Liabilities | $4.45M | $3.9M | $3.15M | $705K | $310K | $348K | $2.32M | $444K | $2.08M | $3.96M | $4.57M | $6.7M | $956K | $2.99M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $109.38M | $27.66M | $156.88M | $0 | $0 | $0 | $65.66M | $0 | $100.86M | $206.68M | $192.48M | $198.38M | $199.22M | $203.79M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $37K | $82.33M | -$156.88M | $0 | $0 | $0 | -$65.66M | $0 | -$100.86M | $5K | $3K | $1K | $0 | $0 |
| Total Long-Term Liabilities | $109.58M | $109.99M | $156.9M | $175.93M | $186.21M | $193.6M | $203.18M | $235.77M | $100.86M | $206.68M | $192.48M | $198.39M | $199.22M | $203.79M |
| Other Liabilities | $0 | $0 | -$1.51M | $24K | $29K | $21K | $17K | $14K | $137.93M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $114.03M | $113.88M | $158.54M | $176.66M | $186.55M | $193.97M | $205.51M | $236.23M | $240.87M | $210.65M | $197.05M | $205.08M | $200.18M | $206.78M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $234.46M | $240.5M | $317.27M | $317.93M | $319.38M | $319.41M | $319.31M | $319.29M | $319.95M | $319.95M | $327.01M | $350.07M | $350.26M | $350.41M |
| Retained Earnings | -$36.79M | -$33.61M | -$38.14M | -$44.45M | $4.83M | $16.45M | $27.02M | $820K | $3.54M | $9.72M | $18.87M | -$1.94M | -$20.61M | $19.39M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.85M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.97M | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $197.67M | $206.89M | $279.12M | $273.48M | $324.22M | $335.86M | $346.33M | $320.11M | $325.46M | $329.68M | $345.88M | $348.13M | $329.65M | $369.8M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $311.7M | $320.77M | $437.67M | $450.14M | $510.77M | $529.83M | $551.84M | $556.34M | $566.33M | $540.32M | $542.93M | $553.21M | $529.83M | $576.58M |
| Supplementary Data | ||||||||||||||
| Total Debt | $109.38M | $27.66M | $157.91M | $38.35M | $48.63M | $56.05M | $65.66M | $98.2M | $100.86M | $210.32M | $196.77M | $198.38M | $199.92M | $204.76M |
| Net Debt | $107.42M | $27.66M | $157.91M | $37.27M | $45.68M | $53.11M | $65.66M | $98.19M | $100.86M | $210.32M | $196.77M | $196.91M | $199.92M | $204.76M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 | 2013-02-28 |
| Operating Activities | ||||||||||||||
| Net Income | $5.25M | $12.84M | $14.51M | -$38.69M | $2.65M | $3.63M | $40.99M | $11.24M | $10.82M | $516K | $16.42M | $39.45M | -$18.7M | $34.03M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$11K | $1.35M | $146K | $573K | $184K | $129K | $343K | $139K | -$51K | $89K | $224K | -$122K | $160K | $455K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$6K | -$194K | -$91K | $401K | -$31K | -$61K | -$20K | $54K | $71K | $59K | $10K | $23K | -$177K | $168K |
| Total Working Capital Change | -$17K | $1.16M | $55K | $974K | $153K | $68K | $323K | $193K | $20K | $148K | $234K | -$99K | -$17K | $623K |
| Other Non-Cash Items | $3.31M | $119.13M | $11.24M | $58.18M | $18.92M | $23.68M | $5.26M | $8.08M | -$24.19M | $2.5M | $2.16M | -$15.36M | $45.01M | -$7.16M |
| Net Cash from Operating | $8.54M | $133.13M | $25.8M | $20.47M | $21.72M | $27.38M | $46.57M | $19.51M | -$13.35M | $3.17M | $18.81M | $23.99M | $26.29M | $27.49M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$76.4M | -$73.9M | -$51.98M | -$106.65M | -$13.08M | -$88.55M | -$25.9M | $0 | -$91.14M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $83.78M | $203.03M | $70.64M | $118.68M | $32.14M | $106.36M | $45.23M | $0 | $61.93M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $7.38M | $129.13M | $18.66M | $12.03M | $19.07M | $17.81M | $19.34M | $0 | -$29.21M | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$2.96M | $5.46M | $5.25M | $10.27M | $7.43M | $9.61M | $32.54M | $2.65M | -$24.27M | - | - | $835K | $4.57M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.5M | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$121.77M | -$660K | -$1.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$8.44M | -$8.26M | -$8.21M | -$10.6M | -$14.3M | -$14.09M | -$14.78M | -$16.59M | -$15.03M | -$16.73M | -$18.67M | -$20.98M | -$21.44M | -$20.94M |
| Other Financing Activities | -$6.04M | $2.36M | -$18.02M | -$10.27M | -$7.43M | $0 | $0 | -$260K | -$10.88M | $13.57M | -$1.62M | -$704K | -$271K | -$6.55M |
| Net Cash from Financing | -$14.9M | -$133.13M | -$26.88M | -$22.33M | -$21.73M | -$24.43M | -$46.59M | -$19.5M | $13.35M | -$3.17M | -$20.28M | -$22.52M | -$26.29M | -$27.49M |
| Forex Effect | $935K | $0 | $0 | -$12.03M | -$19.07M | -$17.81M | -$19.34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1.96M | $0 | -$1.08M | -$1.86M | -$3K | $2.95M | -$14K | $14K | -$29.21M | $0 | -$1.47M | $1.47M | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $8.54M | $133.13M | $25.8M | $20.47M | $21.72M | $27.38M | $46.57M | $19.51M | -$13.35M | $3.17M | $18.81M | $23.99M | $26.29M | $27.49M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $8.54M | $133.13M | $25.8M | $20.47M | $21.72M | $27.38M | $46.57M | $19.51M | -$13.35M | $3.17M | $18.81M | $23.99M | $26.29M | $27.49M |
| Cash at Beginning | $0 | $0 | $1.08M | $2.94M | $2.95M | $0 | $14K | $0 | $0 | $0 | $1.47M | $0 | $0 | $0 |
| Cash at End | $1.96M | $0 | $0 | $1.08M | $2.94M | $2.95M | $0 | $14K | -$29.21M | $0 | $0 | $1.47M | $0 | $0 |